Sierra Income, a business development company that makes senior secured investments in U.S. middle market companies, and its affiliate Medley Management, provided a senior secured first lien term loan to facilitate the acquisition of Summit Companies by CI Capital Partners.

Founded in 1999, Summit provides services designed to protect buildings, assets and people. Summit’s end-to-end capabilities include inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety and security systems.

“Medley continues to be a valuable financing partner for CI Capital, and provided us with certainty of closing and a flexible capital structure that will allow Summit to consolidate the fragmented fire and life safety sector,” said Tim Hall, managing director of CI Capital.

“We are thrilled to have continued to build our partnership with CI Capital through their acquisition of Summit,” said Jeff Tonkel, president of Sierra Income. “We look forward to working with CI Capital to execute a buy and build strategy for Summit.”

Sierra Income Corporation is a non-traded business development company that invests primarily in first lien senior secured debt, second lien secured debt and, to a lesser extent, subordinated debt of middle market companies in a broad range of industries with annual revenue between $50 million and $1 billion. Medley is an alternative asset management firm offering yield solutions to retail and institutional investors.